After nearly six months of back and forth, Men’s Wearhouse has acquired competitor Jos. A. Bank for $1.8 billion. According to the Washington Post, the newly combined entity will become the nation’s fourth-largest men’s retailer. The main loser? Eddie Bauer — who lost the $825 million acquisition offer from Jos. A. Bank as a result of the new transaction.
In other news, Chobani may be valued at $5 billion.
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Marcum Cronus Partners LLC (Marcum Cronus), an investment banking firm advising clients on private equity and debt financings, recapitalizations, and buyside and sellside opportunities, is pleased to announce it acted as the exclusive financial advisor to World Oil Tools Inc. in a leveraged recapitalization through credit facilities provided by HSBC Bank Canada and the Business Development Bank of Canada. World Oil Tools is a Canadian-based manufacturer and supplier of downhole equipment and tools to the oil and gas industry. Read the full release here.
The transaction was managed by Shane Campbell, Director, who leads Marcum Cronus’ efforts in the energy sector with a focus on midstream oil and gas and oil and gas equipment and services. The firm’s main coverage areas within the sector include: oil and gas equipment manufacturing, oilfield services, environmental technology, water and waste water reclamation services and technology, midstream logistics and transportation, midstream infrastructure and services, specialty manufacturing, and general industrial manufacturing and business-to-business services.